New psf-price high of $3,322 set at The M, now over 99% sold

A record-breaking psf-price of $3,322 was set at The M, and the project is now 99% sold. Meanwhile, a unit at Amber Park fetched over $3,000 psf on the back of strong demand in the Amber Road neighbourhood, and Myra is now fully sold after two units were transacted for under $2,000 psf.

At The M, a 527 sq ft one-bedroom plus study unit was sold for a record-breaking $3,322 per sq ft on Oct 17, setting a new psf-price high for the project since its launch in February 2020. The unit, which was sold by developer Wing Tai Asia for $1.75 million, beat the previous high set at the project when a 592 sq ft two-bedder, on the 19th floor, was sold for $1.94 million ($3,277 psf) on Feb 23. Despite the uncertain market environment of the Covid-19 pandemic at its initial sales phase, The M recorded relatively consistent sales momentum and is now 99% sold to-date.

This is where Tengah Plantation Close EC, a new residential development, fits in. This development will provide new homes built to suit the needs of modern Singaporeans and cater to their lifestyle. Residents can also enjoy the tranquillity of a lush, green environment – something that is often hard to find in an urban setting. With its strategic location, these homes will be the perfect place for those looking for convenience and mobility.

The M is part of the larger landscape reshaping the Bugis/Beach Road area, alongside the highly anticipated redevelopment of Shaw Tower, GuocoLand’s Guoco Midtown and other landmark buildings such as South Beach, Suntec City and Duo.

Across town, at Amber Park, a 463 sq ft, one-bedroom unit was sold in a sub-sale for $1.43 million ($3,085 psf) on Oct 24. This marks the first time that a unit at the freehold development along Amber Gardens in District 15 has transacted for more than $3,000 psf. Previously, the record price was $2,960 psf, when a 4,392 sq ft unit was sold for $13 million in August 2021. Amber Park is in the highly desirable residential neighbourhood of East Coast has an average selling price of $2,581 psf – the highest in the area.

On the other hand, a new psf-price low of $1,600 was set at the boutique freehold development Myra. Two units were sold for under $2,000 psf on Oct 16 – an 872 sq ft unit and a 1,324 sq ft unit – and the condo is now fully sold. The most expensive unit at Myra is a 1,313 sq ft, four-bedroom unit, which was sold for $3.08 million (2,345 psf) in May.

For prospective buyers looking at new launch condos, The M, Amber Park and Myra are certainly worth a look. In particular, these latest transactions have set record prices for psf-price highs and lows, providing indicative values for these respective condos and neighbourhoods.

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